Published on 23 Feb 2023 on Zacks via Yahoo Finance
Maxar (MAXR) Incurs Loss in 2022, Revenues Decline Y/Y
Maxar Technologies Inc MAXR recently reported full-year 2022 results.The company reported a net loss per share of $2.03 for 2022 against net income per share of 63 cents in 2021.The company reported annual revenues of $1,605 million, down 9.3% from the previous year. Weakness in Earth Intelligence and Space Infrastructure segments affected the top-line performance.In December 2022, Maxar announced that it had entered into an agreement with a private equity investor — Advent International — to be acquired in an all-cash transaction. Advent plans to purchase all outstanding shares of Maxar for $53 per share, representing a premium of about 129% over the company’s closing price of about $23.10 on Dec 15, 2022.In February 2023, the company announced the expiration of the 60-day "go-shop" period pursuant to the merger terms with Advent. The company noted that it did not get any “competing acquisition proposals” during the "go-shop" period. Maxar noted that the transaction, subject to the regulatory and customary closing conditions and approval by Maxar stockholders, remains on track to close in mid-2023.
Maxar Technologies Inc. Price, Consensus and EPS Surprise
